GBPJPY respecting ABCD pattern Short

British Pound/Japanese YenFXCM

Description

⋅ Mar 15, 2018 1:02 PM

Hey guys,

Lets simplify this trade:
1. The chart shows a breakout of the up ward trend line
2. Reverses just above the 0.618 level
3. Rejection just at the up ward trend line

Hence i strongly believe this chart will follow the ABCD pattern and reach the 0.382 level.

Let's see if this trade goes thru

T/P at 136.42
S/L at 151.25
R:R 3!

Please don't trade more than 2% of your capital

Hope you earn some profits out of this trade

Cheers!